deductible (redirected from Deductable)

deductible

(diduk´tbl),
n 1. a stipulated sum the covered person must pay toward the cost of dental treatment before the benefits of the program go into effect. The deductible may be annual or payable only once and may vary in amount from program to program.
n 2. the amount of dental expense for which the beneficiary is responsible before a third party will assume any liability for payment of benefits. Deductible may be an annual or one-time charge and may vary in amount from program to program. See also family deductible.

deductible amount,

n the portion of dental care expense the insured must pay before the plan's benefits begin.

deductible clause,

n a provision in an insurance contract stipulating that the insurer will pay only that amount that is in excess of a specified amount.